Boothbay Readies First Launch

Mar 29 2012 | 11:18am ET

A former Platinum Management executive is just days away from launching his maiden hedge fund.

Ari Glass will unveil his hybrid multi-manager Boothbay Hybrid Fund on Sunday, HFMWeek reports. The fund will launch with $50 million in initial assets and a dozen allocations.

Glass' Boothbay Asset Management hopes to increase the number of allocations, both to their own traders and to outside managers, to 15 by the end of the year. All told, the fund will eventually have 30 managers as part of its multi-strategy platform. For outside managers, Boothbay, founded in October, will insist on separately-managed accounts.

Boothbay Hybrid's initial assets come primarily from a family office. The fund's capacity is unclear.

Glass was president of Platinum from 2007 through 2009 and is a former executive at Intrepid Capital Management.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...